Contribution to National Economic Development and Promotion of Sharing Culture
Chairman Kwon Oh-gab of HD Hyundai (left) taking a commemorative photo with President Park Jung-woon of Hankuk University of Foreign Studies at the honorary doctoral degree award ceremony at the International Hall on the Seoul campus of Hankuk University of Foreign Studies on the 17th. Provided by HD Hyundai
, ‘[Financial News] HD Hyundai announced on the 19th that Chairman Kwon Oh-gab received an honorary doctoral degree in management from Hankuk University of Foreign Studies on the 17th. ‘,
, “Hankuk University recognized Chairman Kwon’s contributions to the country’s economic development as the company’s top executive, securing competitiveness and spreading a culture of sharing, which led to the decision to confer this degree. “,
, ‘Since joining HD Hyundai Heavy Industries in 1978, Chairman Kwon has held various positions including Seoul Office Director, CEO of HD Hyundai Oilbank, and CEO of HD Hyundai Heavy Industries, leading HD Hyundai to grow into a comprehensive heavy industry group. In 2014, amid the global recession which posed challenges for the shipbuilding industry, he took office as the CEO of HD Hyundai Heavy Industries and achieved a turnaround from losses to profits through intensive reforms in just two years, transitioning to a holding company structure in 2017. ‘,
, “After taking office as Chairman of HD Hyundai in November 2019, he established a business portfolio consisting of three core sectors: shipbuilding, energy, and construction machinery, laying the foundation for sustainable business expansion. As a result, HD Hyundai saw significant growth, with sales reaching 61.3313 trillion won and operating profit amounting to 2.316 trillion won last year, a five-fold increase in market capitalization from 10.1 trillion won at the end of 2014 to 50.1 trillion won currently. “,
, “In addition, in 2011, he launched the ‘1% Sharing Foundation,’ becoming the first major company in Korea to donate 1% of employees’ salaries. Recently, he also established the ‘HD Hyundai Hope Foundation’ to comfort the families of victims of major accidents in shipyards, contributing positively to society. “,
, ‘Chairman Kwon graduated from Hankuk University of Foreign Studies in 1975 and served as a Marine Corps officer before joining HD Hyundai Heavy Industries in 1978, where he has worked for 46 years. During his tenure at the company, he has also been responsible for educational tasks as the secretary-general of Ulsan Industrial Academy and Hyundai Academy, carrying out educational duties for 34 years. He has also been involved in soccer-related activities for 32 years through his involvement in school sports events. ‘,
, ‘Chairman Kwon emphasized that “Universities not only nurture leaders for the country and society, but are also the place where young people diligently study with friends and prepare to engage in social activities in any position. Above all, universities are places to cultivate virtuous citizens,” adding, “It is a great honor to receive an honorary doctoral degree from my alma mater, Hankuk University of Foreign Studies. Moving forward, I will do my best to contribute to the economic development and social integration of our country with a sense of mission and principles as an executive.”‘]